dlatbm, Josh and fourtiwinks thank you for your posts!
dlatbm - not sure what you meant by "be careful for your wishes"?
I would like to clarify as to what I am looking for. I like the NFT / Horsts trading method, charts appear clean...the ones he shows. Having read all the posts/journals, it is a trading style I would like to adopt.
I am really looking for the "trading rules" which is often part of ones trading plan. I am sure all of you have heard of the turtle traders.
Once I have mastered the trading rules with sound money and emotional management, it is a matter of making the trading style to fit my personality...at least this is my thinking...happy to learn from those who are consistently profitable.
The following user says Thank You to BarOne for this post:
ok last point
it will hard to find people to tell you the exact rules, just as well they may write them into a program and fully automate. I do not think this is a methodology that leans itself to do that. As you said yourself, about people that attended Horst's course, they did not even get any training material. Remember he was a trader for a number of years before he started trading this way and then it took him a while to be successful.
dlatbm - thanks. That's very unfortunate that I won't be able to find people to share their trading rules I thought this forum was for traders to help traders.
As for why Horst doesn't provide trading materials, I don't believe it's because of the method doesn't lend it's self to rules. I believe he doesn't want it being shared. It's the same reason why he won't let students record the training sessions.
This forum is for traders helping traders. The NFT method is not part of this forum. Even when there were users of the method on the forum they would not share specifics. Even when NFT was dissolved they still won't share. Horst charges almost 5K for his course. There are others on YouTube doing the same Schtick that also charge, some more than others. It appears they all trade on SIM, so no emotions to deal with. I'd say find another method or devise your own and "F" the NFT Aholes that are greedy.
The following user says Thank You to David_R for this post:
You can find many "systems" threads here, complete with trading rules. But you are talking about a group (in NFT) that was led by someone who is a huge fraudster, who stole hundreds of thousands of dollars from people for "investments," and who is the poster child for "what goes around comes around." And you are talking about videos by a guy, Horst, who I personally once defended because he was a nice guy--but in one or two of his videos a long time ago I noticed that he was getting filled at better prices than possible, so they are fake. So, you are not going to find a lot of people who are still following this method to trade.
As for people sharing--people here are more than willing to share. However, have you done any of your own research? Have you searched futures.io (formerly BMT) for "trading plan"? I did and found these:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
Sharing is great, but handouts won't help you as much as being willing to do some work on your own. Your trading plan should contain things specific to you, not a list of rules for you to follow like a robot. It is personal, and therefore no one else's trading plan will be fit for you without modification. But I suspect you can find some good ideas in the list above when you search futures.io (formerly BMT).
the method is simply all about analysing momentum on multiple time frames.
to read the momentum, you use the macdbb indicator, looking for certain patterns. that's what is being described as "on the rail", "hockey stick", etc.
initially you start out reading the momentum on just one single timeframe. later you add (higher) time frames. the challenge is really to correlate multiple time frames and be able to see when they align properly for a trade.
finally, to enter, you look for confirmation in the form of price action forming patterns on your lowest time frame ("head and shoulders etc")
There is also some fibonacci in the mix.
the little nuances and patterns of the macdbb form the core of the method. i don't think anyone ever came up with an exhaustive encyclopaedia of these, but if you are looking to learn them i would start out with the nexgen vids on the macdbb which explain the basics very well.
there is nothing magic about macdbb, any momentum indicator should work. look at woodie's cci patterns for example (woodie however does not do multiple time frames as far as i know).
as far as the fibonacci part is concerned, i think you should learn it from someone else.
I actually started this thread as I was interested in the NFT system as well but got little information. What I found was that traders paid thousands of dollars for that information and understandably they weren't interested in just giving it away. Also I have not found any hard evidence that the methodology works. There have been a couple of futures.io (formerly BMT) traders who have journaled the strategy on a daily basis, but I think they ultimately struggled with the consistency of it. Horst did come on this thread and defended it and defended the founder Henry, but I wasn't prepared to lay out 10K without more proof. The site soon closed and apparently Henry lost money trading so that doesn't exactly exhume confidence in it despite some members giving it a glowing recommendation. Furthermore I think he is on the run from the law if I understand his legal troubles correctly. Be that as it may, if you find anything substantial about it, I would be interested. Good luck.
ok, as you can see there are lots of good people here
draw fibs (include 11 and 89%) from overnight session only
it is going to be a good to see lines that will work for the first 1-1.5 hours
once the session starts watch for 11/89 and/or 23.6/76.4
if you are using amp cqg - that is a good data feed u should see at around 8.33/9.33am a formation of a pivot on 19/8(your date 8/19)
u can see it on 144 ticks, i fu enter at 1019.4 approx, and exit 89% 1022 u got 2,5 points
the above is nft stuff
I also started to use 3 ticks range as it easy to see volume (not so clear on tick charts) and sometimes the pivot formation is clearer as well
I use 3 kc 89,3 and 6, and 40,3
at the moment i monitor data using 4hour market rhythm method adapted to tf and 6j - i have added HMA 14(most of the time.) this method uses ema 8,21, 89, 365,sma200. if u use kc89 it is already your 89 ema
I have vol with hma 18 on the volume for the 3 range charts
Observe 3 range reversals when it changes directions when the price is away from hma14 you will see why i like it
it reminds of ES data but on TF
The following user says Thank You to dlatbm for this post: